How to mitigate the risk in an Insurance Premium Finance Company?

Evolutions Clear business rules help in mitigating operational risks by ensuring that critical business decisions are made in accordance with established guidelines. This reduces the likelihood of errors or non-compliance with regulations, thereby minimizing potential risks associated with incorrect or inconsistent operator error or decision-making.

In fact, the industry mitigates risk well and that is why the industry standard is ½ of 1% Mark off / Bad Debt.

The bad debt mark off in the premium finance industry on average is only .5% to 1% of accounts receivables.